BUSINESS & MICRO ENTERPRISE LOAN - ABRUS KRISHNA FINANCE
Service Overview
The Business & Micro Enterprise Loan from Abrus Krishna Finance is designed to support individuals running small, micro, or growing businesses who require quick and flexible capital for operations, inventory purchase, supplier payments, machinery acquisition, or short-term expansion.
As a registered institution under the Kerala Money-Lenders Act, 1958, our lending is fully compliant with statutory requirements, offering transparent, ethical, and responsible financial support to traders, shop owners, home-based entrepreneurs, service providers, and self-employed professionals.
With fast assessment, minimal documentation, and customer-friendly repayment cycles, this loan is purpose-built to strengthen micro and small enterprises across Kerala.
Key Features
- Fast Loan Approval after basic business assessment
- Flexible Loan Amounts for micro, small, and growing businesses
- Minimal Documentation to reduce delays
- Repayment Cycles Aligned to Business Cash Flow
- Transparent & Fair Rates as per the Kerala Money-Lenders Act
- No Traditional Collateral Required in most schemes
- Simple & Legally Compliant Agreements
- Confidential Handling of Business and Customer Data
- Convenient Renewal for Repeat Borrowers
- Direct Support for Working Capital & Daily Operations
Eligibility Criteria
- Applicant must be 18 years or above
- Must be a resident of Kerala
- Must operate a valid micro, small, or growing business
- Business activity proof required (shop license, GST, rent agreement, bills, etc.)
- Mandatory completion of KYC verification
- Clear demonstration of basic repayment ability
- No active legal disputes related to the business
- Final agreement must be signed at the branch (mandatory under KML Act)
- Aadhaar Card
- PAN Card
- Recent Photograph
- Business Proof (Shop Licence / GST / Rent Agreement / Purchase Bills / Vendor Bills / Bank Statements)
- Signature Proof
- Business Loan Application Form
- KML-Compliant Loan Agreement (signed at branch)
- Post-Dated Cheques / Guarantee Form (as per chosen scheme)
Depending on the loan amount and the selected scheme, any of the following may be accepted:
- Proprietor’s Personal Guarantee
- Business Supporting Documents
- Post-Dated Cheques
- Minimal Collateral (only if needed under specific schemes)
Note: Most business loan schemes remain collateral-free to support micro-entrepreneurs.
- Interest rates fully compliant with the Kerala Money-Lenders Act, 1958
- Simple interest charged (no unauthorized compounding)
- All charges disclosed upfront before agreement
- Customer receives:
- Loan Agreement Copy
- Repayment Schedule
- Acknowledged Receipts for each payment
- All statutory registers maintained under KML regulations
- No hidden fees, penalties, or undisclosed conditions
- Transparent handling of borrower information and documents
We offer multiple flexible schemes under this loan category.
Scheme selection varies based on:
- Business category
- Repayment pattern
- Seasonal trends
- Market conditions
- Company policies
- Customer eligibility
The applicable scheme, interest structure, seasonal benefits, and repayment flexibility will be explained and finalized at the branch. All schemes are subject to change from time to time.
Frequently Asked Questions
What types of businesses are eligible?
All micro, small, and self-employed businesses across Kerala.
Is collateral required?
Most schemes do not require collateral, except for higher-value loans.
How fast is the approval?
Often within the same day after basic verification.
What documents are necessary?
KYC + simple business proof (such as shop license, bills, bank statement).
What determines the loan amount?
Business turnover, repayment capacity, and scheme type.
Do I need GST registration?
No, any valid proof of business activity is sufficient.
Can repayment be structured flexibly?
Yes — daily, weekly, or monthly cycles based on business needs.
Is a branch visit required?
Yes. Final signing must happen at the branch as per KML rules.
Can I renew or extend the loan?
Yes, subject to repayment behaviour and eligibility.
Is income proof mandatory?
Not always; business activity proof is normally enough.
Apply for a Business & Micro Enterprise Loan Today
Fuel your business growth with quick, transparent, and legally compliant financial support from Abrus Krishna Finance.